BearingPoint Posts Profit,
But Sees Difficulty Ahead

By

Peter Loftus Dow Jones Newswires

Updated Oct. 30, 2002 10:46 a.m. ET

BearingPoint Inc. swung to a profit in its fiscal first quarter on higher revenue, bolstered by recent acquisitions.

But the McLean, Va., technology-consulting firm, formerly known as KPMG Consulting, cautioned that market conditions remained weak. Indeed, excluding the recent acquisitions, BearingPoint would have posted a revenue decline.